Portions of the financial statements for Parnell Company are provided below. PARNELL COMPANY Income Statement For the Year Ended December 31, 2024 ($ in thousands) Revenues and gains: Sales Gain on sale of building Expenses and loss: Cost of goods sold $ 700 10 $ 710 $ 250 Salaries 110 Insurance 30 Depreciation 113 Interest expense 40 Loss on sale of equipment 13 556 Income before tax 154 Income tax expense 77 Net income $ 77 PARNELL COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2024 and 2023 ($ in thousands) Year 2024 2023 Cash Accounts receivable $ 124 $ 110 314 Change $ 14 226 88 Inventory 331 415 (84) Prepaid insurance 65 78 (13) Accounts payable 200 127 73 Salaries payable 122 103 19 Deferred tax liability 80 62 18 Bond discount 183 210 (27) Required: 1. Prepare the cash flows from operating activities section of the statement of cash flows for Parnell Company using the direct method. Note: Enter your answers in thousands (i.e., 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign. Cash Flows from Operating Activities: Cash received from customers Cash paid to suppliers Cash paid to employees Cash paid for insurance Cash paid for interest Cash paid for income taxes Net cash flows from operating activities $ 0